12926 Page Ct, Blue Island, IL 60406

Building Details

Year Built

1962

Listing office Citypoint Illinois LLC

Listing date Mar 5, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Citypoint Illinois LLC

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Overview

This six-unit multifamily property in Blue Island is an investment opportunity generating $81,792 in current annual rental income. The property features a mix of well-maintained units with stable tenants and consistent occupancy. The current cap rate is approximately 8% at the asking price. Average rents are currently $1,136 per unit, while comparable rentals in the area support rents closer to $1,325–$1,350, providing over $14,000 in potential annual rental upside through normal lease renewals and tenant turnover. Operating expenses include property taxes, utilities, maintenance, and professional management assumptions. At market rents, the property approaches a 10% cap rate. The property benefits from strong rental demand due to its convenient location near local shopping, transportation, and employment centers. The property size is 6,145 square feet.

Suggested Use

Real Estate Agency Law Firm Gym & Fitness Center Computer & Electronic Repair Accounting Firm Nursing Home Department Store Nursing Home Travel Agency Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Blue Island

County

Cook

State

Illinois

Longitude

-87.6633917

Latitude

41.6585102

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FAQs

What type of property is this?

Apartment building - Six-unit property in Blue Island with immediate rental upside.

Where is this apartment building located?

The property is located at 12926 Page Ct Blue Island, IL.

What is the asking price?

The asking price for this property is $539,900.

What are key features of this property?

This property features: Turnkey 6‑unit multifamily property generating $81,792 in annual rental income; Immediate rental income upside of over $14,000 annually through market rent growth; Current cap rate of approximately 8% with potential to approach 10% at market rents